Tuesday 17 December 2013

2pm update - afternoon chop

The main indexes remain a touch weak, but the earlier sp'1777 low should hold for the rest of today. VIX is looking a little toppy (VIX opex is at the Wed' open), a red close looks viable. Metals are weak, Gold -$11, whilst Oil is also a little lower, -0.1%.


sp'60min



vix'60min


Summary

Not much to add. The broader market is likely to see minor chop into Wednesday afternoon.
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Lots of action in individual stocks...

Gainers: TSLA, FB, NFLX, and STX
Losers: BTU, UAL

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A few other stocks that have been highlighted to me today...

IRBT soars 17%, after the GOOG buys a competitor robotics company
EGHT, +4.5%...with price structure looking pretty bullish for the remainder of the week.
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2.36pm.. VIX turns red.. as expected.. and indexes are battling higher..but it remains choppy.

Rest of the year..and early January..entirely dependent upon the Fed tomorrow.
Until then...mostly..chop.